In the Finance and Accounting world, January through March are akin to a pressure cooker, with deadlines looming and stakes high. Amidst the frenzy of year-end close, financial reporting deadlines, and tax filings (or extensions), it’s easy for teams to feel overwhelmed and burnt out. The relentless pace can take a toll on morale and productivity, making it essential for leaders to step in and provide support.
Recognizing the challenges your team faces and implementing strategies to mitigate stress not only boosts morale but also fosters a culture of resilience and well-being. As the demands of the season begin to relax, be mindful of employees pushing on without a recharge and leverage these tips to boost morale, improve company culture and promote work-life balance.
Here are three ways to keep employees motivated after one of the busiest seasons of the year:
Acknowledge employee achievements. It may seem obvious, but recognizing the hard work and achievements of employees can significantly boost their morale and motivation. It reassures them that their efforts are valued and noticed, which can energize them to maintain or even increase their level of commitment and productivity.
When employees feel appreciated, they are more likely to enjoy their work and stay committed to their roles. This satisfaction can also decrease turnover rates, which is especially important during peak times when every team member’s contribution is critical.
Help team members see the light at the end of the tunnel. During the busy season, the entire Finance and Accounting team is working long hours under a ton of stress. This is normal.
As a leader, you should be regularly reminding your team that “this too shall pass.” Acknowledge the extra work and communicate expectations moving out of the frenetic deadline period — shorter, less stressful days are on the horizon.
Keep reinforcements. Many Accounting and Finance teams hire contract support during their busiest times and year-end close. Keep temporary help beyond the end of April as your core team recalibrates, takes well-earned time off, and as you plan for special projects throughout the year. The last thing you want to do is overload your top talent with extra projects that aren’t staffed with sufficient support to succeed.
In competitive fields like Accounting and Finance, celebrating, motivating and retaining top talent is crucial. Recognition during busy periods can make employees feel more connected to the organization, reducing the likelihood of them seeking opportunities elsewhere. Likewise, keeping additional headcount on board after a busy season will allow the team to slow down a bit or take time off without delaying other important projects.
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